I’m not sure why the price of this house has dropped. It’s in Milpitas. It’s within listening distance to 680. It’s got a Marble Shower Surround in Setting for growing family! I mean, come on – how often is it that you can buy a place with a shower where your growing family can fit into!

It’s fun to be making silly comments when you guys not out shopping for houses. I’ve been in the market for 6 months now, and the only reason I’m still a renter is because I’ve been outbid 3 times, once last year and twice this year so far. Things are very tough out there, and it can be an emotional experience. I work for a startup, but I don’t work for Facebook. I don’t ask for much, just a 3/2 in a good school district. My budget is $1 million. It seems that everybody can pay 10% more than me.

Ouch. What should RenterBob do? Should he just give up and leave since he’s priced out forever?

Or should he move to a semi-good school district? And where would that be?

Wow… check out the ride in the photo. Yep. That’s right. It’s the car that football stars, movie stars, and rappers all prefer. The MB G500:

That’s right player. All you have to do is buy this sweet crib in Milpitas and soon you’ll be on your way to reaching A-list celeb status. Get the crib, get the bling, and soon you’ll be getting all the shawties that you want.

It all starts with the house in Milpitas. It’s the escalator of prosperity.

“We both felt it was a blessing,” said Francisco Morales, a respiratory therapist who camped out in a two-story home in the North Valley area of San Jose with his wife, Misty, and two young boys. “Having two little ones, we could really put it through the trial.”

“Sleep on It,” which premiered Wednesday on HGTV, is the brainchild of Steve Edelman, president of Edelman Productions in Corte Madera.

[snip]

San Jose residents Francisco and Misty Morales were looking for a little more living space in which to raise their two boys, 4-year-old Francisco Jr. and 20-month-old Gabriel, and entertain their extended family. Their two-bedroom, one-bath home in the North Valley area was no longer doing the job.

They wanted to live in a neighborhood within walking distance of shops and stores, parks for the kids to play in, and access to freeways. They wanted a backyard for entertaining, a two-car garage, two bathrooms and an open floor plan. And they wanted it to be in the $700,000 price range.

They found a two-story house in the North Valley area that looked promising, but they had a few reservations: Would the nearby freeway make it too noisy in the backyard? Would they feel comfortable and safe with the kids living with stairs? And Misty Morales, like Jenny McLaughlin, wanted to make sure there was plenty of natural light. After spending the night in the house, they had their answer.

“Actually, it solidified that we did not want to be in an upstairs/downstairs house,” said Francisco Morales. “And the noise from the freeway was incredibly loud. After that experience, we definitely knew what we wanted.” A month later, they found it – a larger home about four blocks from the one they had spent the night in.

Now… Francisco and Misty only have one income. Here’s how much they probably earn according to Salary.com:

Now granted, Cisco and Misty were upgrading from a house they already owned – so they probably doubled their money already and have plenty of equity. But if a family on an income like this can afford a $700k home in San Jose, why can’t YOU?

April 26, 2008

I’m not sure if people noticed from yesterday’s post, but there is an auction at the San Jose McEnry Convention Center tomorrow (4/27) at 8:00am.

This is probably your last chance ever to buy into some parts of the Bay Area (not the Real Bay Area, but close) before you are priced out forever. Spring Bounce is in full effect, and then Summer Summit will come and blow you away. Followed by Fall Fiesta and Winter Wonderful, of course.

Are you going? Post a comment – maybe you can meet up with other Burbians.

Are you reading this on 4/27? What happened? How many dozens of houses did you buy?

I love how this house is advertised that it is in extremely poor condition and that this dwelling is unlivable. Two words: REVERSE PSYCHOLOGY

I bet after reading that, you said to yourself: MUST HAVE.

And must have you should! After all, buying this house gives you something that others can only dream of – FREEDOM. Freedom to build whatever you want. Freedom to start anew. It’s the way of the West, the American Dream, the glory of hope!

Oh my god, how can you resist this two punch attack of psychology and patriotic appeal.

April 23, 2008

Silicon Valley residents have one of the highest life expectancy rates in the nation, with the average baby born in 1999 on track to live to 80, according to research appearing in today’s edition of the journal PLoS Medicine. On average, that’s eight years longer than their grandparents might live.

With stats like this, how can lenders not offer 40/50/60 year mortgages to the people in the Bay Area?

With stats like this, how can anyone afford not to live in the Bay Area? Think of the children! Who will take care of them if you die too early?

Sorry Ponce de Leon – you were way off mark. The Fountain of Youth is right here in Silicon Valley!

Disclaimer

The posts on this weblog are provided "AS IS" with no warranties, and confer no rights. The opinions expressed herein are my own personal opinions and only represent the view of Burbed.com's editor. Comments are the views of commenters, not Burbed. If companies, properties, etc are mentioned on this blog, you should assume that I have a financial stake in them. Trust no one.